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Periodizing Capitalism and Capitalist ExtinctionPeriodizing Really Existing Capitalism of the 1980s and 1990s

Periodizing Capitalism and Capitalist Extinction: Periodizing Really Existing Capitalism of the... [Beginning in the 1970s and continuing into the 1980s and 1990s a spate of largely non-Marxist writings attempted to capture momentous changes that major, advanced economies were undergoing. Particularly significant among the changes were the expansion of service sector employment as a percent of total employment and diminution of employment in industry, the emergence and spreading application of information and computer technologies, horizontal disintegration of corporate capital, transformation of the international financial architecture, and rise of a speculation economy. Sociologist cum futurist Daniel Bell, Scott Lash and John Urry, as well as Michael Piore and Charles Sabel all drew radical conclusions over the transformations which they believed vitiated Marx’s views on socialism supplanting capitalism. While the aforementioned writers produced theories of change predicated upon systematizing empirical history in stylized facts, Giovanni Arrighi and Carlota Perez treated the above changes in terms of new sweeping periodizations of capitalism over the course of several centuries.] http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png

Periodizing Capitalism and Capitalist ExtinctionPeriodizing Really Existing Capitalism of the 1980s and 1990s

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Publisher
Springer International Publishing
Copyright
© The Editor(s) (if applicable) and The Author(s) 2019
ISBN
978-3-030-14389-3
Pages
83 –115
DOI
10.1007/978-3-030-14390-9_4
Publisher site
See Chapter on Publisher Site

Abstract

[Beginning in the 1970s and continuing into the 1980s and 1990s a spate of largely non-Marxist writings attempted to capture momentous changes that major, advanced economies were undergoing. Particularly significant among the changes were the expansion of service sector employment as a percent of total employment and diminution of employment in industry, the emergence and spreading application of information and computer technologies, horizontal disintegration of corporate capital, transformation of the international financial architecture, and rise of a speculation economy. Sociologist cum futurist Daniel Bell, Scott Lash and John Urry, as well as Michael Piore and Charles Sabel all drew radical conclusions over the transformations which they believed vitiated Marx’s views on socialism supplanting capitalism. While the aforementioned writers produced theories of change predicated upon systematizing empirical history in stylized facts, Giovanni Arrighi and Carlota Perez treated the above changes in terms of new sweeping periodizations of capitalism over the course of several centuries.]

Published: May 16, 2019

Keywords: Post-industrial society; Disorganized capitalism; Flexible specialization; Systemic cycles of accumulation; Technological paradigms

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